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I have just bought a private property this year and have utilised the bank loan. My parent who are currently 70 years old and retired would like to upgrade to a bigger HDB flat. Do you know if I can be the guarantor for them to get the housing loan for this new HDB purchase?
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2 Answers

Catherine PANG
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William Choo
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Acting as guarantor is possible. Provided your debt servicing ratio is kept within reasonable limits. Having said that not all banks will be prepared to take this risk as they have different standards of managing risks within banks.

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